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Posts Tagged ‘property tax’

Are state and local budget-cutting slowing economic recovery?

This thought-provoking analysis by Nobel economist Paul Krugman probably has implications for the decisions that Oak Ridge needs to be making on various aspects of the city budget. He says that state and local budget cuts are “exerting a powerful drag on the economy as a whole.” He compares government spending during the Obama-era economic expansion [...]

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TIF for Woodland Town Center?

People are talking — and asking me lots of good questions — about the proposed Tax Incremental Financing (TIF) plan for the development of Woodland Town Center on South Illinois Avenue. I have some questions, too, but I can share some information and thoughts.
Decisions are coming up fast: The Oak Ridge Industrial Development Board holds [...]

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Budget passed on first reading

City Council passed the budget unanimously on first reading at our meeting Monday night.  Discussion was lengthy, and many amendments were proposed, but the only actual change in expenditures from the proposed budget was a $3,500 increase in funding for a social services program operated by Aid to Distressed Families of Appalachian Counties (ADFAC). The [...]

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